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DESERT MOUNTAIN ENERGY CORP. CONTINUES TO GROW SUPPORT FOR HELIUM INDUSTRY IN ARIZONA

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Desert Mountain Energy (DME) is leading a coalition to advocate for legislative changes in Arizona's helium industry. The initiative aims to balance economic extraction of helium and hydrogen gases with aquifer protection. The Arizona Chamber of Commerce and Industry supports DME's efforts, highlighting helium's importance for the state's semiconductor industry. The coalition emphasizes potential tax revenue from high-tech industry development and natural resources while promoting environmentally responsible regulations.

Desert Mountain Energy (DME) sta guidando una coalizione per sostenere cambiamenti legislativi nell'industria dell'elio in Arizona. L'iniziativa mira a bilanciare l'estrazione economica dei gas elio e idrogeno con la protezione delle falde acquifere. La Camera di Commercio e Industria dell'Arizona sostiene gli sforzi di DME, sottolineando l'importanza dell'elio per l'industria dei semiconduttori dello stato. La coalizione enfatizza il potenziale gettito fiscale derivante dallo sviluppo dell'industria high-tech e dalle risorse naturali promuovendo nel contempo regolamenti ambientalmente responsabili.

Desert Mountain Energy (DME) está liderando una coalición para abogar por cambios legislativos en la industria del helio en Arizona. La iniciativa tiene como objetivo equilibrar la extracción económica de helio e hidrógeno con la protección de los acuíferos. La Cámara de Comercio e Industria de Arizona apoya los esfuerzos de DME, destacando la importancia del helio para la industria de semiconductores del estado. La coalición enfatiza el potencial de ingresos fiscales derivado del desarrollo de la industria de alta tecnología y los recursos naturales, mientras promueve regulaciones ambientalmente responsables.

사막 산 에너지(Desert Mountain Energy, DME)는 애리조나의 헬륨 산업에 대한 법률 변경을 옹호하는 연합을 이끌고 있습니다. 이 이니셔티브는 헬륨과 수소 가스의 경제적 추출과 대수층 보호 사이의 균형을 잡는 것을 목표로 합니다. 애리조나 상공회의소는 DME의 노력을 지지하며, 헬륨이 주의 반도체 산업에 얼마나 중요한지를 강조합니다. 이 연합은 첨단 산업 개발과 천연 자원으로부터의 잠재적인 세수 수입을 강조하면서 환경적으로 책임 있는 규제를 촉진합니다.

Desert Mountain Energy (DME) dirige une coalition pour plaider en faveur de modifications législatives dans l'industrie de l'hélium en Arizona. L'initiative vise à équilibrer l'extraction économique des gaz hélium et hydrogène avec la protection des aquifères. La Chambre de commerce et d'industrie de l'Arizona soutient les efforts de DME, en soulignant l'importance de l'hélium pour l'industrie des semi-conducteurs de l'État. La coalition met en avant le potentiel de revenus fiscaux provenant du développement de l'industrie technologique et des ressources naturelles tout en promouvant des réglementations respectueuses de l'environnement.

Desert Mountain Energy (DME) führt eine Koalition an, um gesetzgeberische Änderungen in der Heliumindustrie in Arizona zu fördern. Die Initiative zielt darauf ab, die wirtschaftliche Förderung von Helium- und Wasserstoffgasen mit dem Schutz der Aquiferen in Einklang zu bringen. Die Handelskammer und Industrie von Arizona unterstützt die Bemühungen von DME und hebt die Bedeutung von Helium für die Halbleiterindustrie des Bundesstaates hervor. Die Koalition betont das potenzielle Steuereinkommen aus der Entwicklung der High-Tech-Industrie und natürlicher Ressourcen und fördert gleichzeitig umweltverantwortliche Vorschriften.

Positive
  • Coalition building with Arizona State Government and industry stakeholders
  • Support from Arizona Chamber of Commerce, indicating strong institutional backing
  • Strategic positioning in semiconductor supply chain
  • Potential tax revenue generation from high-tech industry development
Negative
  • None.

TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, Oct. 24, 2024 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. As interest in the helium industry in Arizona continues to grow, DME, along with a coalition of interested parties, is coming together to push for legislative change that will support the economic extraction of helium and hydrogen gases while also protecting vital aquifers.

The coalition is working closely with the Arizona State Government to implement regulations that will strike a balance between industry needs and environmental protection. By clearly defining regulations that safeguard aquifers while allowing for the economic extraction of these valuable gases, the coalition aims to promote sustainable growth in the industry.

"We greatly appreciate Desert Mountain Energy Corp. for bringing this critical issue to light and collaborating with the Chamber and the State to bolster vital components of the semiconductor supply chain," comments Dan Seiden, President and CEO of the Arizona Chamber of Commerce and Industry. "A safe and reliable supply of helium is essential to supporting Arizona's rapidly growing semiconductor industry and our state's continued leadership in the sector."

To read the letter supporting the advancement, stability, and economic prosperity of the helium industry in Arizona, visit www.desertmountain.com.

In addition to the environmental benefits, the coalition is also highlighting the potential tax revenue that could be generated from the high-tech industry and the development of naturally occurring resources in Arizona. By promoting the economic benefits of the helium and hydrogen industry, the coalition hopes to garner support for their efforts to implement responsible regulations.

"We believe that it is possible to harness the economic potential of the helium industry in Arizona while also safeguarding our natural resources," said Robert Rohlfing, CEO and Executive Chairman of DME. "By working collaboratively with all stakeholders, including industry leaders and government officials, we can ensure that practices are effective and fair."

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner, supplying elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/desert-mountain-energy-corp-continues-to-grow-support-for-helium-industry-in-arizona-302285602.html

SOURCE Desert Mountain Energy Corp.

FAQ

What legislative changes is Desert Mountain Energy (DMEHF) pursuing in Arizona?

Desert Mountain Energy is working with a coalition to implement regulations that balance economic helium and hydrogen gas extraction while protecting aquifers in Arizona.

How is Desert Mountain Energy (DMEHF) supporting Arizona's semiconductor industry?

DME is working to ensure a safe and reliable helium supply, which is essential for Arizona's growing semiconductor industry, as confirmed by the Arizona Chamber of Commerce and Industry.

What environmental considerations is Desert Mountain Energy (DMEHF) addressing in Arizona?

The company is working to implement regulations that safeguard aquifers while allowing for economic extraction of helium and hydrogen gases.

What economic benefits is Desert Mountain Energy (DMEHF) promoting in Arizona?

The company is highlighting potential tax revenue generation from high-tech industry development and the responsible development of natural resources in Arizona.

DESERT MTN ENERGY CORP

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